SASRA Appoints David Sandagi as Substantive CEO

The Sacco Societies Regulatory Authority (SASRA) has announced the appointment of David Sandagi as its substantive Chief Executive Officer (CEO), ending his tenure in an acting capacity and placing him at the helm of the regulator responsible for overseeing Kenya’s SACCO sector.

In an official announcement published on Monday June 9, the Authority said the appointment was made by the Board following the necessary consultations with the Head of the Public Service and the Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises Development.

“The Authority is pleased to announce the appointment of David Sandagi as its substantive Chief Executive Officer. The appointment was made by the Board following the necessary consultations with the Head of the Public Service and the Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises Development,” SASRA said in the statement.

The confirmation comes after Sandagi successfully served in an acting capacity since August 2025, a period during which he oversaw the Authority’s regulatory and supervisory functions amid ongoing reforms in the SACCO industry.

“Having successfully served in an acting capacity since August 2025, Sandagi will continue to provide strategic leadership and drive the Authority’s growth and transformation agenda,” the Authority stated.

Leadership Transition Formalized

Sandagi first assumed the role of Acting CEO in August 2025 following the completion of former CEO Peter Njuguna’s term.

At the time, SASRA’s Board cited his extensive experience within the Authority and expertise in financial regulation as key factors behind his appointment.

Before taking over the top position, Sandagi served in senior management roles at the regulator, including Director of Corporate Services and Head of Compliance.

According to information published by SASRA, he is a member of the Institute of Certified Public Accountants of Kenya (ICPAK), a Certified Expert in Financial Inclusion (CEFI), holds an MBA and a Bachelor’s degree in Finance and Banking, and is also a Certified Professional Coach.

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SASRA Strategic Role in SACCO Sector Oversight

The appointment comes at a critical time for Kenya’s SACCO movement, which remains one of the country’s most important financial inclusion pillars.

SASRA was established under the Sacco Societies Act to license, regulate and supervise SACCO societies, with the primary objective of safeguarding members’ savings and ensuring sound governance and financial stability within the cooperative sector.

The Authority currently oversees both Deposit-Taking SACCOs and specified Non-Deposit-Taking SACCOs across the country.

SASRA emphasized its efforts toward reforms designed to protect members’ money and promote stability and sustainability within the cooperative sector at a Board and Management retreat conducted at the beginning of the year.

In 2026, SASRA published a list of licensed and authorized SACCOs while maintaining restrictions on institutions that failed to meet regulatory requirements, underscoring its commitment to prudential supervision.

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Confidence in Future Growth

The confirmation of Sandagi as substantive CEO is expected to provide continuity in leadership as SASRA pursues ongoing reforms and seeks to strengthen confidence in Kenya’s SACCO industry.

“Please join us in congratulating Sandagi on this well deserved appointment,” the Authority said.

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Photo of SASRA Chairman Jack Ranguma. PHOTO/SASRA